china jan rare earth export value up fivefold

Monday, February 28, 2011
China January Rare Earth Export Value Up Fivefold

BEIJING (Dow Jones)--The value of China's exports of rare earth ore, metals and compounds in January jumped nearly fivefold, or 376%, to $148.3 million, compared with a year earlier, the semiofficial China Customs Statistics published by Hong Kong-based Economic Information & Agency said over the weekend.

This is despite China exporting just 4,087 metric tons of rare earths in January, a decline of 29% compared with January 2010, the agency said.

In December, China exported 4,738 tons of rare earths, according to the agency, which uses official customs data.

Last year, China exported 39,813 tons of rare earth, down 9.3% compared with 2009. The value of those exports was triple on year.

Source:
http://e.nikkei.com/e/app/fr/gateway/rss_news.aspx?URL=/e/ac/tnks/Nni20110228D28JF987.htm